Virginia Tech
    • Log in
    View Item 
    •   VTechWorks Home
    • College of Agriculture and Life Sciences (CALS)
    • Department of Agricultural and Applied Economics
    • Scholarly Works, Department of Agricultural and Applied Economics
    • View Item
    •   VTechWorks Home
    • College of Agriculture and Life Sciences (CALS)
    • Department of Agricultural and Applied Economics
    • Scholarly Works, Department of Agricultural and Applied Economics
    • View Item
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    The FAST method: estimating unconditional demand elasticities for processed foods in the presence of fixed effects

    Thumbnail
    View/Open
    Main article (908.9Kb)
    Downloads: 1681
    Date
    2004-08
    Author
    Bergtold, J.
    Akobundu, E.
    Peterson, Everett B.
    Metadata
    Show full item record
    Abstract
    This study estimates a set of unconditional own-price and expenditure elasticities across time for 49 processed food categories using scanner data and the FAST multistage demand system with fixed effects across time. Estimated own-price elasticities are generally much larger, in absolute terms, than previous estimates, while our expenditure elasticities are generally much lower. The use of disaggregated product groupings, scanner data, and the estimation of unconditional elasticities likely accounts for these differences. Results of the study suggest providing more disaggregate product-level demand elasticities could aid in the economic analysis of issues relating to industry competitiveness or the impact of public policy.
    URI
    http://hdl.handle.net/10919/48003
    Collections
    • Scholarly Works, Department of Agricultural and Applied Economics [221]

    If you believe that any material in VTechWorks should be removed, please see our policy and procedure for Requesting that Material be Amended or Removed. All takedown requests will be promptly acknowledged and investigated.

    Virginia Tech | University Libraries | Contact Us
     

     

    VTechWorks

    AboutPoliciesHelp

    Browse

    All of VTechWorksCommunities & CollectionsBy Issue DateAuthorsTitlesSubjectsThis CollectionBy Issue DateAuthorsTitlesSubjects

    My Account

    Log inRegister

    Statistics

    View Usage Statistics

    If you believe that any material in VTechWorks should be removed, please see our policy and procedure for Requesting that Material be Amended or Removed. All takedown requests will be promptly acknowledged and investigated.

    Virginia Tech | University Libraries | Contact Us